Titan along with which bank launched India's first contactless payment watch 'Titan Pay'?

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SBI Clerk Mains Memory Based Paper (Held on:31 October 2020)
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  1. ICICI Bank
  2. Union Bank of India
  3. AXIS Bank
  4. State Bank of India
  5. None of the above

Answer (Detailed Solution Below)

Option 4 : State Bank of India
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The correct answer is State Bank of India.

Titan watch company along with India's largest commercial bank State Bank of India launched a contactless payment watch "Titan Pay" powered by YONO SBI.

  • Titan company limited is the world's 5th largest watch manufacturers.
  • Titan is associated with TATA Group.
  • Titan and SBI are launching a stylish range of watches having a contactless payment function through this partnership.

YONO- It is an initiative by SBI to bring all of its joint venture’s customers through digital technology “YONO Mobile App” and “YONO website”. YONO stands for “You Only Need One”.

  • Customers can incorporate all their goods & services from the SBI bank account, SBI Card, SBI Mutual Fund, SBI Life Insurance, SBI General Insurance, SBI Securities, using the YONO App & website.

State Bank of India-

  • It is founded in 1806 as Bank of Calcutta and was the first Bank established in India, and over a period of time, evolved into the State Bank of India (SBI).
  • It is the oldest commercial bank in the Indian subcontinent.
  • It is also India's largest commercial bank in terms of assets, deposits, branches, number of customers, and employees.
  • SBI is headquartered in Mumbai.

Union Bank of India- 

  • It is one of the leading public sector banks in the country. 
  • The Bank, having its headquarters at Mumbai (India), was registered on November 11, 1919, as a limited company. 
  • Managing Director & CEO is  Rajkiran Rai G.

 

Bank

Headquarter

Formation

Tagline

MD & CEO

ICICI BANK

MUMBAI

JUNE 1994

HUM HAI NA, KHAYAL APKA

Sandeep Bakshi

AXIS BANK

MUMBAI

1993

BADHTI KA NAAM ZINDAGI

Amitabh Chaudhry

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